Match List-I with List-II
|
List-I |
List-II |
|
(A). Cobb-Douglas Production Function |
(I). $f(tx_1, tx_2)> t.f(x_1, x_2)$ |
|
(B). Constant returns to scale |
(II). $f(tx_1, tx_2) < t.f(x_1, x_2)$ |
|
(C). Increasing returns to scale |
(III). $q = {x_1}^α{x_2}^β$ |
|
(D). Decreasing returns to scale |
(IV). $f(tx_1, tx_2)= t.f(x_1, x_2)$ |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
|
List-I |
List-II |
|
(A). Cobb-Douglas Production Function |
(III). $q = {x_1}^α{x_2}^β$ |
|
(B). Constant returns to scale |
(IV). $f(tx_1, tx_2)= t.f(x_1, x_2)$ |
|
(C). Increasing returns to scale |
(I). $f(tx_1, tx_2)> t.f(x_1, x_2)$ |
|
(D). Decreasing returns to scale |
(II). $f(tx_1, tx_2) < t.f(x_1, x_2)$ |